Fortum Oyj

Regulatory Filings • Jun 4, 2018

Fortum receives clearance for Uniper investment under Russian Strategic Investment Law

FORTUM CORPORATION STOCK EXCHANGE RELEASE 4 JUNE 2018 AT 18.10 EEST

Fortum has today received a formal clearance from the Russian Federal Antimonopoly Service (FAS) under the Strategic Investment Law for the acquisition of up to 50% of shares and voting rights in Uniper.

The completion of Fortum's Public Takeover Offer (PTO) on Uniper still requires merger clearances under competition law in Russia and the EU, both of which are in process. Fortum expects to have received all the regulatory decisions in mid-2018 and to close the PTO shortly thereafter. Clearances in the United States and South Africa have already been granted.

Fortum Corporation

Ingela Ulfves Vice President, Investor Relations and Financial Communications

Further information

Investors and analysts:

Ingela Ulfves, VP, IR and Financial Communications tel. +358 40 515 1531 Måns Holmberg, Manager, IR and Financial Communications tel. +358 44 518 1518 Rauno Tiihonen, Manager, Investor Relations, tel. +358 10 453 6150

Media:

Pauliina Vuosio, VP, Communications, Project Office tel. +358 50 453 2383 Christian Weyand, Brunswick Group, tel. +49 172 617 1677

Distribution

Nasdaq Helsinki Key media www.fortum.com

Fortum

Fortum is a leading clean-energy company that provides its customers with electricity, heating and cooling as well as smart solutions to improve resource efficiency. We want to engage our customers and society to join the change for a cleaner world. We employ some 9,000 professionals in the Nordic and Baltic countries, Russia, Poland and India. In 2017, our sales were EUR 4.5 billion. Fortum's share is listed on Nasdaq Helsinki. www.fortum.com